The price of (Silver) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to notice entering exaggerated overbought levels compared by the price move, which suggest losing the positive momentum, amid the continuation of the negative pressure due to its trading below its EMA50, besides its affection by breaking a minor bullish trend line on the short-term basis and the dominance of a bearish correctional wave.

The price of (Gold) fluctuated in its last intraday trading, affected by breaking a bullish trend line on the short-term basis, besides the continuation of the negative pressure due to its trading below its EMA50, which represents a dynamic resistance that turns to the upside, with the emergence of the negative signals on the (RSI), which suggest extending the current negativity in the upcoming moves.

The price of (EURUSD) declined in its recent intraday levels, as it reached the resistance of EMA50, affected by its exit from a minor bullish channel’s resistance that limited its previous trading on the short-term basis, besides the emergence of the negative signals on the (RSI), after reaching overbought levels.

Th EURNZD esucceeded in surpassing the obstacle at 1.9290 level in its last trading, to confirm its surrender to the bullish bias domination, to notice breaching 161.8%Fibonacci correction level at 1.9350 and recording new gains by reaching 1.9420.

Note that stochastic reach to the overbought level will provide extra positive momentum, to ease the mission of recording new gains by its rally near 1.9485 reaching 1.9570 in the near period trading.

The expected trading range for today is between 1.9310 and 1.9485

Trend forecast: Bullish